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Tourism Enterprise Co. — Investor Relations & Filings

Ticker · 4170 ISIN · SA0007879824 Saudi Exchange Accommodation and food service activities
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Filings indexed 405 across all filing types
Latest filing 2022-03-24 Capital/Financing Update
Country SA Saudi Arabia
Listing Saudi Exchange 4170

About Tourism Enterprise Co.

http://www.shamstourism.com.sa

Tourism Enterprise Co., also known as Shams, specializes in the development, management, and operation of high-end tourism and hospitality projects. The company’s primary operations center on the ownership and management of tourist resorts, hotels, and recreational facilities. Its flagship property is the Palm Beach Resort, which offers a range of luxury villas, chalets, and suites. The company provides comprehensive hospitality services, including diverse dining options, private beach access, and extensive sports and leisure facilities such as swimming pools and fitness centers. Additionally, it caters to corporate and social events through dedicated meeting spaces and banquet halls. Tourism Enterprise Co. focuses on delivering integrated leisure experiences for families and business travelers, emphasizing quality service and modern amenities within the hospitality sector.

Recent filings

Filing Released Lang Actions
Tourism Enterprise Company "Shams" Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
Capital/Financing Update Classification · 95% confidence The document is an announcement regarding the submission of an application file to the Capital Market Authority (CMA) for approval of a capital increase by offering rights issues. It references prior announcements and board recommendations related to the capital increase. The content focuses on the process of capital raising and regulatory submission rather than presenting financial statements or detailed financial analysis. The document length is short (2482 characters) and it serves as an update on financing activity. Therefore, it fits the category of Capital/Financing Update (CAP).
2022-03-24 English
Tourism Enterprise Company (TECO) announces that it has signed a (non-binding) Memorandum of Understanding to acquire 100% of (3) hotels owned by hospitality funds managed by Shuaa Capital Saudi Arabi
M&A Activity Classification · 95% confidence The document is an announcement by Tourism Enterprise Company (TECO) about signing a non-binding Memorandum of Understanding (MOU) to acquire three hotels managed by Shuaa Capital Saudi Arabia Company. It details the hotels involved, the transaction amount, and the next steps such as due diligence and approvals. There is no financial data, no detailed financial statements, nor is this a full report. It is clearly an announcement of a potential acquisition transaction, not the transaction itself or a merger filing. The content fits the category of M&A Activity announcements, which cover merger proposals or takeover bids and related announcements. The document length is 4712 characters, which is consistent with an announcement rather than a full report. Therefore, the appropriate classification is M&A Activity (TAR).
2022-02-27 English
Correction announcement from Tourism Enterprise Company "Shams" regarding in the board of directors' recommendation to increase the company's capital through a rights issue.
Capital/Financing Update Classification · 95% confidence The document is a correction announcement related to a previous announcement about the board of directors' recommendation to increase the company's capital through a rights issue. It provides corrected details about the capital increase, including amounts before and after the increase, and the number of shares. The document is short (2846 characters) and focuses on correcting a prior announcement rather than presenting a full report or detailed financial statements. It is clearly an update on capital structure changes, specifically a rights issue, which fits the category of Capital/Financing Update (CAP).
2022-02-17 English
Tourism Enterprise Company "Shams" Announces an update on Tourism Enterprises Company "Shams" announces the board of directors' recommendation to increase the company's capital through a rights issue
Capital/Financing Update Classification · 95% confidence The document is an announcement from Tourism Enterprise Company "Shams" regarding the board of directors' recommendation to increase the company's capital through a rights issue. It details the capital before and after the increase, the percentage increase, number of shares, reasons for the capital increase, and the method of capital increase. The document is relatively short (3506 characters) and serves as an update on financing activities rather than a full financial report. It does not contain financial statements or detailed financial analysis but focuses on capital structure changes and fundraising plans. Therefore, it fits the category of Capital/Financing Update (CAP).
2022-02-15 English
Tourism Enterprises Company ("Shams") announces the latest developments regarding the signing of an agreement with the American company (APOGEE ATTRACTIONS LLC)on 24/02/2019to provide consultancy, stu
Capital/Financing Update Classification · 95% confidence The document is an announcement by Tourism Enterprises Company regarding developments related to a previously signed agreement and subsequent corporate actions including capital reduction and planned capital increase. It discusses strategic plans, capital restructuring, and appointment of a financial advisor for a capital increase. The document does not contain financial statements or detailed financial data but rather updates on corporate actions and plans. It is not a full financial report, audit, or earnings release. The content fits the description of a Capital/Financing Update as it focuses on capital restructuring and financing activities. The document length is under 5,000 characters and contains detailed information rather than just a notice of report publication, so it is not a Report Publication Announcement. Therefore, the most appropriate classification is Capital/Financing Update (CAP).
2022-01-04 English
Tourism Enterprises Company (Shams) announces the appointment of a financial advisor to manage the subscription of the rights issue.
Capital/Financing Update Classification · 95% confidence The document announces the appointment of a financial advisor to manage the subscription of a rights issue and references a prior board recommendation about increasing capital through a rights issue. It does not contain financial statements or detailed financial data but is an update related to capital raising activities. The document length is short (1904 characters) and is an announcement rather than a full report. Therefore, it fits the category of Capital/Financing Update (CAP).
2021-12-23 English

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